Midday Report: Pandora's CEO Confirms Resignation; Consumer Confidence Rises




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Summary: Wall Street was mixed as crude oil supported gains in energy and tech dragged on the Nasdaq. Alphabet Inc. weighed on its peers after getting hit with a record-breaking fine from the EU. Consumer confidence unexpectedly rose in June as the number of those who viewed employment as plentiful increased to its highest level since 2001. Confidence in the present situation rose, though there was some losses to expectations. Darden Restaurants rose after topping earnings and sales estimates over its recent quarter. Same-restaurant sales rose 3.3%, led by gains at Olive Garden and Longhorn Steakhouse. Pandora Media was active after founder Tim Westergren confirmed that he would step down as chief executive. He will also step down from the board. Shares rose a day earlier on reports of this development.